| On 1 July 2024, General Licence INT/2024/4881897 (the General Licence) was issued. This General Licence allows for payments to be made to the Revenue Authorities by a UK Designated Person (DP), or on behalf of a DP. The General Licence and its publication notice can be foundhere on GOV.UK. Anybody intending to use the General Licence should consult the copy of the licence for full details of the definitions, permissions, and usage requirements. To view the General licence click here On 28 June, the Office of Financial Sanctions Implementation (OSFI) updated the Oil Price Cap General Licence: Exempt Projects and Countries INT/2022/2470156 to extend the Sakhalin-2 Project expiration date to the 28 June 2025. OFSI has also updated the associated publication notice. Bespoke reporting forms for required reporting, reporting suspected breaches, and specific licence applications are on our website. Any reporting or queries should be directed to oilpricecap.OFSI@hmtreasury.gov.uk To view the General licence click here | 